Week commencing 7 October 2019

In today's bulletin

• Government drive to better infrastructure
• Uncertainty causing fall in demand and supply, says RICS

• Ambition and investment needed for growth in wind energy capacity
• First UK airline to offset carbon emissions from UK domestic flights

Property, Planning and Regeneration

Only one in ten homes affordable, National Housing Federation finds

The finances of low-income families are being stretched due to a lack of affordable homes, according to figures released by the National Housing Federation on 7 October.
The industry body’s research revealed that 1.3 million families rely on Local Housing Allowance, a benefit described as ‘inadequate’.

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Traditional housebuilders are embracing modern construction methods

A new report from the NHBC Foundation has found that three quarters of new homes are being built using ‘traditional’ construction methods, but with a wealth of innovation.
Housebuilding: a century of innovation, published on 7 October, details the methods and materials used in building modern homes, documenting the progress made over the last century.

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Uncertainty causing fall in demand and supply for homes, says RICS

Political and economic turbulence is driving down supply and demand in the housing market, according to a new report by the Royal Institution of Chartered Surveyors.
The September 2019 UK Residential Market Survey finds that after three months of stability the net instructions balance – a key industry indicator – fell to its weakest level since June 2016.

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Poor retail performance impacts UK commercial property growth

A new report details lowering returns on investment in the commercial property market in September.
The study by CBRE concluded that continued poor performance by the retail sector dampened all property returns, pushing year-to-date performance to 1.9 per cent.

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Demand for new build drops to lowest level since 2013

Demand for new homes has fallen by eight per cent over the last year – its lowest level since 2013.
In its latest House Builders’ Survey, the Federation of Master Builders revealed that almost half of small house builders attributed the fall in demand to lack of consumer confidence.

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Transport

BA to offset carbon emissions from UK domestic flights

British Airways (BA) will be the first UK airline to offset carbon emissions on flights within the UK.
From January 2020, the airline will invest in carbon reduction projects around the world to offset the 400,000 tonnes of CO² caused by its UK domestic flights every year.

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Government drive for better infrastructure

Digital infrastructure has been listed alongside road and rail as part of the the Government’s pledge to invest in “an infrastructure revolution”.
The programme will include £1.5 billion for the A14 improvement scheme and gigabit-capable internet for an extra 3,000 residential buildings a year.

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Transport Committee to kickstart conversation on national road pricing

MPs on the Transport Committee wants to start a national conversation about road pricing – a policy abandoned a decade ago.
The debate will take place in advance of an inquiry to be formally announced in early 2020, when the Committee will invite views from across the country about the future of road-based transport.

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Energy and environment

Ambition and investment needed for growth in wind energy capacity

WindEurope has called for greater ambition from European governments to deliver growth in wind energy capacity, in a new report released this week.
The industry group has warned that the target of producing 32 per cent of energy from renewables by 2030 will only be met if governments are more ambitious.

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Environment Agency sets 2030 zero carbon target

The Environment Agency has announced its aim to become a net zero carbon organisation by 2030, with a longer-term target of absolute zero by 2050.
As well as reducing emissions, the agency has been congratulated for taking on the twin challenges of tackling climate change and increasing resilience to its potential effects.

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NIC calls for greater powers for utility regulators

Regulators need new powers to ensure utility companies invest in sustainable infrastructure, according to the National Infrastructure Commission.
The advisory group says that the UK will fail to reach net zero emissions targets if a culture of short-termism is not stopped.

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Other News

Government funding pledge to boost UK productivity

A new institute for research and development in technology will be set up with an £88 million funding pot from the government.
The Department for Business, Energy and Industrial Strategy made the announcement on Thursday as part of a drive to improve productivity.

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